Impact of U.S Interest Rate Hike
10 years ago
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Showing posts with label Daily analysis. Show all posts
Showing posts with label Daily analysis. Show all posts
Tuesday, October 14, 2008 chart h1 - 1 am Malaysia as expected, price retraced to weekly 50% fibo (176.00) a high-wave candle followed by a hanging man should confirmed downwards move entered a sell position at 175.20 with tight stop-loss (176.30) 1st TP - 170.68 UPDATE: SL hit - loss 90 pips Monday, October 13, 2008 monthly and h4 charts - 9 am Malaysia monthly trendline broken - shows that bear is still in charge however, pinbar or bullish hammer candle at daily chart indicates possible upwards retracement confluence of weekly 50% level and monthly trendline (176.00) as long as this resistance level are not broken, my sentiment stays BEARISH.. strategy: stay out of upwards retracement and wait for bearish continuation patterns should last week low is broken, my next TP is 153.xx let see how the market play it out.... DO NOT CHASE THE MARKET LET THE MARKET COME TO US.... B-) p/s... a high reliable abandoned baby pattern has formed at h4 chart UPDATE: by 10.30 am, price touched 168.56 potential 350 pips gain
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 chart 15min - 6.30 am Malaysia bearish flag?? should the pattern is valid, expect a drop of 300-400 pips soon.. learn more about flag pattern here UPDATE: by 7.30 am, price dropped 100 pips already locked some pips... now i'm safe by 8.15 am, price touched 166.55 a dive of 356 pips #:-S  monthly chart monthly trendline broken..... two scenarios could happen:- 1. price would retrace upwards to re-test the trendline 2. price could dive to next support (148.19) by year-end most likely, scenario # 1 would happen as the 1st breakout is usually a false one... take note this is the MONTHLY chart... so the scenarios could take place in a few WEEKS period.. so, watch out and trade the chart.... me??? would stay out of any retracement upwards and wait for confirmation to load more shorts until the chart asks me to stop... =)) Thursday, October 9, 2008 chart h4 - 10.30 pm Malaysia low reliability bearish hanging man formed at 9 pm confirmation of down trend continuation at lower TFs... why should we buck against the trend? :-? UPDATE: price made new low 169.82 at 4.15 am what could i say more....??? B-)  chart h1 - 6 pm Malaysia bearish tweezer?? bounced off 50% daily fibo?? let get in the southward-bound train...... \:D/ UPDATE: get in at 174.50 already +50 by 6.40 pm moved SL to +5 +95 by 7.05 pm added another sell at 173.60 2nd sell closed at +5
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